Indiana Life And Health Insurance
- Assets
- $7.8m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 02/1979
- Data as of
- 12/2021
- EIN
- 35-1444018
Organization Overview
Indiana Life And Health Insurance is located in Indianapolis, IN. The organization was established in 1979. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Life And Health Insurance is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Indiana Life And Health Insurance generated $3.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $642.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE INDIANA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION ("ASSOCIATION") WAS ESTABLISHED TO PROVIDE CERTAIN PROTECTIONS TO POLICYHOLDERS OF INSOLVENT INSURANCE COMPANIES IN ACCORDANCE WITH INDIANA CODE 27-8-8.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PAYS COVERED CLAIMS OF POLICYHOLDERS OF INSOLVENT INSURANCE COMPANIES, AS SPECIFIED IN INDIANA CODE 27-8-8. PART IX OF THIS FORM PROVIDES ADDITIONAL INFORMATION ON THE POLICY CLAIMS PAID.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Cebulko United Farm Family Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Dan Wolke Anthem Insurance Company Vice Chair | OfficerTrustee | 0.5 | $0 |
Richard Ellery American United Life Chair | OfficerTrustee | 1 | $0 |
Kevin Howard Western Southern Life Director | Trustee | 0.5 | $0 |
Neil Jackson State Farm Life Ins Co Director | Trustee | 0.5 | $0 |
B Russell Harper Aetna Life Insuran Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,702,575 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $29,462 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,732,037 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $199,161 |
| Fees for services: Legal | $47,155 |
| Fees for services: Accounting | $21,304 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,985 |
| Advertising and promotion | $0 |
| Office expenses | $8,832 |
| Information technology | $17,049 |
| Royalties | $0 |
| Occupancy | $10,175 |
| Travel | $2,655 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $46,209 |
| All other expenses | $351 |
| Total functional expenses | $642,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,315,301 |
| Savings and temporary cash investments | $3,422,767 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,725 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $15,000 |
| Intangible assets | $0 |
| Other assets | $71,129 |
| Total assets | $7,840,922 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $7,840,922 |
| Total liabilities and net assets/fund balances | $7,840,922 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union Health Service Inc Chicago, IL | $42,170,759 | $88,933,727 |
Samaritan Ministries International Peoria, IL | $57,762,652 | $49,461,493 |
Quartz Health Plan Mn Corporation Madison, WI | $12,772,052 | $31,014,352 |
Delta Dental Plans Association Oak Brook, IL | $18,113,714 | $30,001,197 |
Ahs Midwest Management Inc Bolingbrook, IL | $1,065,226 | $4,831,661 |
Oeu-965 Health Benefit Plan Springfield, IL | $22,470,499 | $12,801,499 |
Indiana Comprehensive Health Insurance Assoc Indianapolis, IN | $0 | $0 |
Union Sponsored Health Benefits Tr Milwaukee, WI | $0 | $311 |
Truman Medical Center Professional And General Liability Self-Ins Tr Kansas City, MO | $25,601,158 | $4,849,990 |
Missouri Health Connection Columbia, MO | $3,938,153 | $4,470,811 |
Wisconsin Statewide Health Information Network Inc Madison, WI | $3,172,138 | $5,065,926 |
Hoffer Plastics Corporation Health Benefit Plan Trust South Elgin, IL | -$29,195 | $3,942,624 |